Carts and Cabinets Markets on the Rise

Medical carts and cabinets play an important role in the health care industry. They provide safe storage and transport options for a variety of medical equipment and supplies, including surgical instruments, medications and more.

The medical carts and cabinets market is a part of the larger medical furniture market and is expected to experience continued growth in the coming years.

According to a new report published by Allied Market Research, titled, “Medical Carts Market by Type: Global Opportunity Analysis and Industry Forecast, 2017-2023,” the global medical carts market was valued at $571 million in 2016, and is projected to reach $1.302 billion by 2023, growing at a compound annual growth rate (CAGR) of 12.4 percent from 2017 to 2023.

Medical cart/trolley is a mobile equipment, which consists of a set of shelves, trays, compartments, and drawers for hospital use and medical settings. It carries, dispenses, and transport emergency drugs, medicines, medical devices, and medical instruments. Carts are a crucial aspect of medical aid as it provides storing, recording, and dispensing drugs, supplies, and patient information along with patient care. Many carts are designed to supply various surgical and emergency needs depending on the operating room and other medical settings.

The emergency carts segment is anticipated to maintain its dominance, generating highest revenue throughout the forecast period, owing to the large-scale employment of emergency carts at the time of crisis.

This is because emergency carts contain sophisticated devices, such as defibrillators, suction devices, advanced cardiac life support (ACLS), apart from drugs, such as atropine, dopamine and others. In addition, it also includes generic drugs to treat common problems, rapid sequence intubation, and pediatric equipment.

However, the procedure carts segment is growing at the highest CAGR of 13.0 percent from 2017 to 2023 in terms of value. It consists of equipment that aids in operating procedures, such as endoscopy, cardiology and others and provides access to essential drugs at the same time.

“The need for bedside patient care in various situations, such as in operating rooms and other emergency circumstances, is expected to propel the medical cart market during the forecast period,” according to Sriram Radhakrishnan at Allied Market Research. “Innovation in functionality of medical carts that features universal mounting accessory function, RFID (radio-frequency identification), locking drawers, and dual pullout workout shelves enhance the utility of the emergency carts. Moreover, growth in health care expenditure and investments in the market have encouraged the manufacturers to develop cost-effective and customized medical carts in the developing countries boosting the market growth”

North America dominated the global medical carts market, accounting for maximum share of the overall market in 2016.

The global surgical equipment/instruments market was valued at $10.5 billion in 2016 and is expected to witness lucrative growth through 2025, according to Grand View Research.

The global surgical equipment market is expected to reach $11.28 billion by 2019, according to a report from Transparency Market Research.

The growth in the global surgical equipment market will help fuel continued growth in the surgical instrument transport and storage markets.

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